High-value loans, flexible repayment tenures and quick approval make a loan against car a perfect solution for your multiple festive expenses.
The festive season brings joy and celebration, but it also comes with its fair share of expenses. Whether you are planning to give a new look to your home or facing some unexpected festive expense, the costs can quickly add up. If you’re looking for a way to manage these costs without draining your savings, a loan against car could be the perfect solution.
With the loan against car, you can access the funds you need by using your car as collateral, all while continuing to drive it. This means you don’t have to part with your vehicle to get the money you need. The car remains in your possession, serving as a convenient and valuable asset that helps secure a loan, allowing you to handle your festive expenses comfortably.
Lenders like Bajaj Finance offer loan against car that comes with simple eligibility criteria and minimal documentation. Here are five reasons why you should choose Bajaj Finserv Loan Against Car.
- High-value loan: With a loan against your car from Bajaj Finance, you can access a high-value loan of up to Rs. 47 lakh based on your vehicle’s worth. This substantial loan amount allows you to handle larger expenses or make significant purchases with ease.
- Quick approval: Time is often of the essence, especially during the festive season. Bajaj Finance ensures a fast approval process, so you can receive the funds you need swiftly. This quick turnaround means you can cover your expenses without unnecessary delays.
- Flexible repayment tenure: Financial flexibility is crucial and a Bajaj Finserv Loan Against Car comes with flexible repayment tenure options ranging from 12 to 72 months. Choose a repayment plan that suits your budget and lifestyle, allowing you to manage your finances comfortably while repaying the loan at your own pace.
- Easy online application: The application process is straightforward and convenient. You can visit the loan against car page on the Bajaj Finserv website or the app and start your loan application. Once you submit your application, a representative from Bajaj Finance will connect with you to guide you on further steps. The user-friendly online platform makes the entire process smooth and efficient and eliminates the need for branch visits.
- Simple eligibility and minimal documents: Bajaj Finance simplifies the loan process with easy loan against car eligibility criteria and minimal documentation requirements. You can qualify for a loan against car if you are an Indian resident aged between 18 and 80 years*. If you are a salaried individual, you should have at least one year of experience and a minimum monthly salary of Rs. 20,000. If you are a self-employed individual, you should have an ITR proof for the last 2 years. Once you meet these loan against car eligibility criteria, you need to submit a few documents such as a PAN card, KYC documents, employee ID card, bank account statements, salary slips and vehicle registration certificate.
With these benefits, a Bajaj Finserv Loan Against Car is designed to meet your financial needs effectively and efficiently. Whether you’re managing festive expenses or addressing other financial requirements, this loan option offers the flexibility and convenience you need. Visit the Bajaj Finserv website today or download the app and start your loan application.
*Terms and conditions apply
